Stock Falls To Historic Lows After Debt Rating Lowered To Junk
Bombardier stock fell to new lows last week after Moody's
downgraded the company's debt to "junk status." A share of
Bombardier stock went for more than $26 just four years ago. Today,
it's worth less than a tenth of that.
Officially, Meigs Field no longer exists. In spite of attempts
by local grassroots organizations, the airport's single runway has
long ago been demolished and removed. There are paved walkways that
run among newly planted trees, prairie grass and wildflowers. Even
the name has been changed -- Meigs Field is once again known as
In response to a recent letter from a valued reader from the
sport aviation community, we had a chance to look over the way that
ANN covers the news from the entire spectrum of aviation and
aerospace. In looking over tens of thousands of stories, columns,
Op-Eds, pictorials and the like, ANN Weekend Guru Juan Jimenez
compiled some interesting stats.
Despite Criminal Convictions, Grant Craigie Claimed He Was
An embattled Air New Zealand pilot won't be flying for the
company any time soon, after a government official refused to
temporarily reinstate him. Capt. Grant Craigie is accused of
assault and flying an amphibian without proper documentation,
according to the Employment Relations Authority.
The folks at Van's Aircraft have alerted their builders that
RV-7/7A empennage kits shipped between July 1, 2004 and November 9,
2004 may have included an incorrect part.
According to Van's, "The horizontal flange of part HS-710 was
trimmed too short. (At least one builder who called 11-10-04 was
advised by Van’s tech help staff that the part was acceptable
before the problem was correctly identified.) While it is
physically possible to install the incorrect part, Van’s
recommends that it be replaced with the correct part. If you
determine you have received the incorrect part, contact Van’s
for a replacement."
The TSA last week announced the issuance of the Final Order in
the Federal Register on Monday, requiring air carriers to provide
historical passenger name record (PNR) information to TSA for
testing. The 30-day block of PNR data will be used to test
TSA’s new passenger pre-screening program, Secure Flight,
which will work to prevent terrorists and others who pose a threat
from boarding aircraft. The deadline for airlines to submit the
data to TSA is November 23.
Sweeping changes to Australia’s aircraft registration
rules went into effect Monday. The new rules require the
registration details of Australia’s 12,300 aircraft to be
updated over the next 12 months. Aircraft owners must complete an
aircraft registration transition form setting out details of the
aircraft, the owners and registered operators.
The Indian Army has signed a contract with the Malat subsidiary
of Israeli Aircraft Industries worth $200 million, for the purchase
of Heron UAV's and supporting equipment for deployment, optics,
radar and communications.
San Leandro (CA) city officials are taking another look at an
addendum to their four-year old settlement with the Oakland Port
Authority over an ILS system and a noise abatement agreement
stemming from plans to expand Oakland International Airport.
"Layered Approach" To Aviation Security Gets High Marks
The Regional Air Cargo Carriers Association (RACCA) has been
studying proposals from the TSA to implement new regulations
designed to enhance security of all cargo aircraft operations. The
proposed regulations were published earlier this week.
They're at it again. Some Minnesota politicians want to close
and sell Crystal Airport (MIC), a general aviation reliever airport
for Minneapolis-St. Paul International (MSP). But AOPA is at full
charge to stop it.
Against the background of continued conflict in Iraq and
Afghanistan and the undiminished threat of worldwide terrorism, the
world’s largest exhibition of simulation, training and
related technologies will take place in Orlando, Florida on
December 6th to 9th.
New Contract Talks Could Change Thousands Of Lives
The coming year will be a big one for Boeing, its thousands of
workers in the Seattle area and for the Puget Sound economy as a
whole. Seattle Post-Intelligencer columnist Bill Virgin writes, if
you want to know what next year's negotiations will look like, look
back to 2000.
"We remain confident we will bring other low-fare carriers to
our Airport in the future, despite Southwest's decision."
Source: Max Wells, DFW International Airport Board
Chairman, reacting to SWA's decision not to fly from DFW, but to
continue lobbying for an end -- or at least an change -- to the
Wright Amendment. That law prohibits any airline flying out of
Dallas Love Field from flying to all but neighboring states.